Here Is Why Tesla (TSLA) Shares May Start to Lose Steam - TheStreet

Here Is Why Tesla Shares May Start to Lose Steam

Tesla shares may be poised for a pullback, according to technical analysis from TheStreet's Gary Morrow.
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Tesla (TSLA) - Get Report shares may be poised for a pullback, according to technical analysis from TheStreet's Gary Morrow, after rising over 37% since early December. Tesla shares broke the key level of $240 a share back on January 19 and have stayed above that threshold ever since and are now trading at $250. Morrow says investors should be watching the $240 level over the next week leading up to its next earnings report on February 8. Over the past month, Tesla shares returned some 17%, compared to the S&P 500's 2.5% rise.